Ethereum classic price is reaching a break zone against the US Dollar and Bitcoin, and ETC/USD might soon surge higher above $18.00 in the near term.
Key Highlights
Ethereum classic price is placed well above the $17.00 handle against the US Dollar.
This week’s major contracting triangle pattern with resistance at $17.60 on the hourly chart (data feed via Kraken) of ETC/USD is about to break.
The price is currently above the $17.00 support and the 100 simple moving average.
Ethereum classic price is reaching a break zone against the US Dollar and Bitcoin, and ETC/USD might soon surge higher above $18.00 in the near term.
Ethereum Classic Price Resistance
In the last analysis, we saw a major contracting triangle pattern with resistance at $18.00 on the hourly chart (dat

A Princeton University researcher has received more than $400,000 in federal funding to study mechanism incentives and their applications to cryptocurrencies like bitcoin.
The study project, “Duality-based tools for simple vs. optimal mechanism design and applications to cryptocurrency”, is being led by Seth Weinberg, an assistant professor of computer science at Princeton. The grant, worth $450,000, was awarded on 28th June by the National Science Foundation. The project is set to begin in September and will last until August 31, 2020, according to the NSF.
As the organization’s website explains:
“A secondary focus of this project is to apply these theoretical foundations to resolve cryptocurrency incentive issues arising within Bitcoin, an emerging cryptocurrency. While bitcoi

Setl founder Peter Randall isn’t waiting for permission to build the first competing platform in an Australian post-trade system long dominated by a monopoly.
While the Australian Securities Exchange (ASX) enjoys exclusive rights to clear and settle transactions for the nation’s financial institutions, Randall’s startup has already built a service he believes can process the load more quickly and at lower cost than ASX’s proprietary CHESS platform.
Ironically, ASX’s exploration of distributed ledger tech with partner Digital Asset Holdings has boosted the blockchain industry in Australia, yet its monopoly means less competition in bringing solutions to market.
Nevertheless, Randall isn’t waiting for the nation’s regulators to begin loosening older, monopolistic clearing and se

Cryptocurrencies have come into their own. For the longest time, the question that everyone would ask was whether their favorite cryptocurrency (usually Bitcoin) would survive in the future? Today, the question is more of what will become of the cryptocurrencies in vogue and what shape the evolving cryptocurrency market is taking.
We have seen a significant rise of the altcoins, which were previously dismissed as Bitcoin clones.
In May 2017 Ethereum had already surpassed half of Bitcoin’s market capitalization. Coins like Ripple, Ethereum Classic, Dash and others have all seen a phenomenal rise in their prices. So has the cryptocurrency market matured? Are we looking at a new phase in the rise of Bitcoin and other cryptocurrencies?
The Growth is Phenomenal
There is no doubt that th

Lantmäteriet, the land registry of Sweden, officially started to utilize Blockchain technology to register land and properties.
Since early 2017, various countries including Brazil have begun to utilize Blockchain technology to facilitate the ownership of land and properties in a decentralized, transparent and immutable network.
In an interview with Computer Weekly, Mats Snäll, Lantmäteriet’s head of development, revealed that the Swedish land registry has been actively investing in Blockchain technology and developing a proof-of-concept Blockchain platform since 2016.
In March of this year, Lantmäteriet completed the initial phase of trials of its Blockchain-based land and properties registry platform.
Snäll said:
When we heard about Blockchain and its supposed benefits, we w

Ethereum is likely to be regulated by many governments in the upcoming months. Some countries including South Korea, China, and the US are already preparing to regulate Ethereum and its ICO market. This is because of the rising popularity of initial coin offerings (ICOs) and large amounts of capital being invested in them.
A POPULAR ETHEREUM MAY MEAN A REGULATED ETHEREUM
A project called EOS raised more than $335 million in total through their ICO campaigns as investors funded a project they knew practically nothing about.
EOS released a peculiar investment advice document entitled “Token Purchase Agreement” which claims that its native token EOS does not have a purpose or a use case. It went on to say that it should not be considered or used as a currency, investment, and/or comm

We have seen some very wild Bitcoin price speculation over the past few years. There are those who compare cryptocurrency to the tulip bubble. Others feel BTC will hit a five-digit price before the end of 2018. The latest price prediction puts Bitcoin at US$50,000 by 2027. A very bold statement, but is it even a realistic price target? If so, what must be done to get the price to increase by 2,000%?
All Bitcoin holders would like to see the BTC price go up. The past year has been quite bullish for Bitcoin, to say the least. The BTC price has gone up by quite a bit, and there is still room left for future gains. However, things will not shift into a higher gear overnight out of the blue. It will take time until Bitcoin comes even close to a five-digit price. Reaching US$10,000 per Bi

The Bitcoin mempool is always a topic of debate and controversy. Since the mempool contains transactions waiting for confirmations, it is often used to determine whether or not the network suffers from congestion. Currently, the Bitcoin mempool has been far emptier than it has for the past few months. There are many theories for the mempool’s recent lack of congestion and this article will go over some of them.
WHAT IS GOING ON WITH THE MEMPOOL?
The Bitcoin mempool is often a good gauge of the Bitcoin network’s overall health. A mempool filling up slowly means there is a backlog related to network transactions awaiting confirmations. Usually there are around 30,000 Bitcoin transactions waiting for confirmations. They need to queue since only a certain amount of transactions will fit

I was recently in Mexico City with Max Keiser of The Keiser Report on RT talking about a wide range of topics including bitcoin, anarchy and how they may end up being the two things which help the world retake the freedoms taken from them by central banks and government.
We spoke about how bitcoin came about in 2009 right at the peak of the last financial crisis as almost a gift from God.
I talked about how well the Mexican economy is doing compared to the US’ in addition to how difficult it is to do business in the US because of the massive number of regulations and taxation.
I said one of the reasons why I personally love Mexico is that the population is generally anti-government.
We also talked about things like the differences between the Mexican and US economies

For about a week and a half, the Bitcoin network’s transaction congestion and rising fee market has subsided. People are now reporting on how they are sending transactions for smaller fees, and some of them are having difficulty with wallets that are recommending fees that are much higher than needed.
Also read: The Decentralize Your Life Tour: An Interview With Derrick Broze
Bitcoin’s Network Congestion Has Subsided For Now
The amount of unconfirmed transactions has been significantly lower than usual with the mempool (transaction queue) averaging roughly 7,000 to 15,000 unconfirmed transactions per day. This is a stark contrast to the 200,000+ transactions held up in the mempool just a few weeks prior. The transaction stress started diminishing around the first week of June and